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Russian investor acquires a bank in Latvia

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On 21 May, Russian banker Andrey Vdovin acquired 100% of shares in Latvijas Biznesa Banka (LBB), reports news2biz LATVIA. In 2011, LBB already transferred a major part of its business to what was then its sister company, Estonian Eesti Krediidipank. Both banks were owned by the Russian Bank Moskvy. Still,…

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